GBP/USD is holding moderate gains around the mid-1.3100 level, below the weekly high set on Wednesday
GBP/USD is trading with a positive bias around the mid-1.3100 level during the Asian session on Thursday, although it lacks sturdy follow-through buying and remains below the weekly high reached the previous day. Read more…
GBP/USD bounces back but remains stuck in short-term gridlock
GBP/USD has bounced back from broad-market risk flows that have pushed the US dollar lower, keeping Cable bids north of the 1.3100 handle on Wednesday. Despite the shift in risk appetite, GBP bidders have been unable to push the price action into modern territory, with the pair remaining squeezed at recent levels. Read more…
GBP/USD Forecast: Rising as US data fuels interest rate cut speculation
Sterling is enjoying a nice bounce from a one-week low of 1.3087 and is rising in early trade on Wednesday during the North American session, climbing more than 0.22% against the US dollar. Weak US jobs data has raised the possibility of a 50 basis point rate cut by the Federal Reserve and has kept GBP/USD higher, trading at 1.3163. Read more…
